Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Accounting
Reexamination Certificate
2007-04-26
2010-06-22
Gart, Matthew S (Department: 3687)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Accounting
C705S007380, C705S020000, C705S022000, C705S028000, C705S031000, C705S032000, C705S033000, C705S034000, C705S035000
Reexamination Certificate
active
07742957
ABSTRACT:
In accordance with a preferred embodiment, the present invention comprises a system and method for ensuring a desired profit percentage in a business that provides a service for fees. Businesses will know what prices to charge for any profit level desired. Three profit areas can be used to arrive at a service fee; labor, equipment, and inventory. Input of a desired profit will automatically recalculate how billable labor is charged out in each billable labor dollar of revenue. Preferably, electronic sales information is received that represents a sum of fees received for providing the service. Further, electronic inventory cost information is received that represents a cost of goods sold during the course of providing the service. Moreover, electronic billable labor cost information is received that represents a cost of billable labor, and electronic non-billable labor cost information representing cost of non-billable labor. Furthermore and in a preferred embodiment, electronic overhead cost information is preferably received that represents a cost of overhead. An electronic profit percentage value is preferably received that represents a percentage of fees charged for the service to be allocated for profit. Also, a portion of the labor fee charged is calculated to represent billable labor, non billable labor, and overhead.
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An Ig T
Gart Matthew S
Ostrolenk Faber LLP
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